Shares of ICICI Bank Ltd (ADR) (NYSE:IBN) ended Tuesday session in red amid volatile trading. The shares closed down -0.1 points or -1.84% at $8.54 with 19.28 million shares getting traded. Post opening the session at $8.60, the shares hit an intraday low of $8.49 and an intraday high of $8.64 and the price vacillated in this range throughout the day. The company has a market cap of $25.46 billion and the numbers of outstanding shares have been calculated to be 5.2 billion shares.
ICICI Bank Ltd (ADR) (IBN) provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, other accounts; and fixed, recurring, fixed, and security deposits. It also provides home, car, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, such as cash credit/overdrafts for working capital requirement, export credit, term loans, letters of credit, and bank guarantees; and credit, debit, prepaid, travel, and corporate cards.
Shares of Capital One Financial Corp. (NYSE:COF) ended Tuesday session in red amid volatile trading. The shares closed down -0.01 points or -0.01% at $75.39 with 4.39 million shares getting traded. Post opening the session at $75.29, the shares hit an intraday low of $75.01 and an intraday high of $75.78 and the price vacillated in this range throughout the day. The company has a market cap of $38.87 billion and the numbers of outstanding shares have been calculated to be 505.92 million shares.
Capital One Financial Corp. (COF) announced net income for the third quarter of 2016 of $1.0 billion, or $1.90 per diluted common share, compared to the second quarter of 2016 with net income of $942 million, or $1.69 per diluted common share, and the third quarter of 2015 with net income of $1.1 billion, or $1.98 per diluted common share. We recorded a build in the U.K. Payment Protection Insurance customer refund reserve of $63 million in third quarter of 2016. Excluding this adjusting item, net income for the third quarter of 2016 was $1.1 billion, or $2.03 per share.
“Capital One posted strong performance in the third quarter,” said Richard D. Fairbank, Founder, Chair and Chief Executive Officer. “Our strong growth over the last two years puts us in a strong position to deliver attractive shareholder returns, driven by growth and sustained returns at the higher end of banks, as well as significant capital distribution, subject to regulatory approval.”